Morgan Stanley (MS) Fixed Income Investor presentation summary

Strong capital position

• Net income remained robust, ranging from $9.0B to $15.0B annually from 2019 to 2023, with $9.7B for the first nine months of 2024.

• Common equity increased to $93.9B in 2023 and $97.7B by 3Q24.

• Standardized Common Equity Tier 1 Ratio stayed above 15% since 2019, reaching 15.2% in 3Q24.

• Supplementary leverage and Tier 1 leverage ratios remained stable, supporting a strong capital base.

Strong liquidity position

• Liquidity coverage ratio consistently above 129% since 2019, at 134% in 3Q24.

• Average eligible high-quality liquid assets reached $239B in 3Q24.

• Average total liquidity resources were $343B in 3Q24.

• Liquidity resources composition included 50% deposits with central banks and significant holdings in U.S. government obligations.

Diversified and durable funding mix

• Core funding reached $364B in 3Q24, with deposits comprising 44% of core funding.

• Weighted average maturity of borrowings was 6.5 years.

• Debt issuance diversified by tenor, currency, and structure, enhancing funding durability.